Month. And this includes a way for consumers to bypass the half billion dollar website and the website will be greatly improved with almost no errors and that includes the fumbled rollout not sitting well with some of the president s most ardent supporters come including nancy pelosi who famously said that we have to pass the bill to find out what is in it. She White House Correspondent ed henry has our report. Whoever is in charge of this is in charge of the longterm health care. And jay carney would not deny a possible shakeup. The administration is lowering the bar by defining success to enroll in health care plan, which seems to bug even top democrats. It is not acceptable, but they are saying that and this includes the fixes to the website that they had anticipated, they have anticipated at least 80 by december 1 as we go forward in a has to be improved upon them. Reporter nancy pelosi went on to say that overall she Still Believes the law will work, only reaching 80 means up to 2
Orroad m our road map begins with a 4. 5 gain for the s p. The ipad air hits apple stores around the globe today and the lines have already formed. But but we have one on set right now. Lower refining margins again. And thinking outside the box, the Container Store makes its nyse debut today. Well talk about the ipo coming our way. Score one for the bulls in october. The dow and s p hitting record highs, dow up 2. 75 , the s p rose nearly 4. 5 , nasdaq up nearly 4 as well. We know about october. The first trading day of the month this year has traded negative only twice in april and may and we all remember the very first trading day of the year, that 300 plus point gain for the dow, jim. It seems like the old days when we used to call it Mutual Fund Monday we used to have and at the beginning of each month there would be contributions for 401 ks. Is it continuing . Is it back to that . I still dont see a lot of individuals who embrace the market. Thats empirically too difficult to refu
The announcement that could come today. Friday, july 11th, 2014. From nbc news this is today with matt lauer and Savannah Guthrie live from studio 1a in Rockefeller Plaza. And morning, everyone. Welcome to today on a friday morning. What a crowd of tweens we have outside today. Wow. You can just hear them. You can see theyre crying. Ive seen several crying. Theres crying, fainting already out there. People are very excited to hear these five young women sing. I cant wait to see them in just a few minutes coming up on today. Fifth harmony will take our plaza and some fans have been waiting for days out there. First lets get to todays top story and dylan, youve got it. Violent storms in our south. Lots to talk about out west with the wildfires as well. You know, both coasts seeing different sorts of weather. We are looking now at the cleanup of some of the crazy storms we had in Virginia Beach yesterday. It pretty much encompassed a fiveblock radius. We had wind gusts near 70 miles per h
For the entire hour. Robert benmosche will be cohosting with me. Lots to talk about with the always candid benmosche, were coming up on the fiveyear anniversary of the financial crisis. Well talk to him about the tapering and the next fed chairman. And a couple of exciting hours. And another topic mr. Benmosche is sure to have good insight on, Standard Poors claim. Claiming theyre being retaliated against by demanding 5 million in fines by how it rated mortgages ahead of the crisis. So far, only s p is facing those kinds of penalties even though others blew it. We have more on that. This is a really good story. I want to get some important legal minds take on this, suing the federal government, and could this be the truth, that, in fact, the aaa goes away. Well get into it. Lets check where we are in the marks as we see the rally continue, as you can see by the intraday chart. Just shy of the high, but very close to it. 110 points on the industrials average. Nasdaq composite also stron
Volume on the light side. No surprise. Holidayshortened week and the jewish holidays this week. Nasdaq up 22. 74. The s p 500 up 6. 69, about half a percent at 1,639. Joining me now to help break down the day is amy wu, nathan, bob kaiser from s p capital, and our own rick santelli. Thank you very much for joining us. Bob, let me kick this off with you, get your take on the fundamentals out there. How do earnings look to you as we approach the end of the Third Quarter . Were about to close the books on the Second Quarter. We really need to look forward at this point, maria. The ism data today was great news for the market. So the Third Quarter right now for the ism is running at 55. You have to go back to the Second Quarter of 2011 to find the ism at that level. So it looks like the economy is picking up in the Third Quarter, which is great, because, as you know, the Second Quarter we just came off negative revenue growth. And if revenues are expected to grow 4 over the balance of this